Medical Bionic Implants Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Medtronic, Gambro AB, Boston Scientific, Zimmer Biomet

The market for Medical Bionic Implants was valued at US$ 25.7 million in 2021, and it is anticipated to increase to US$ 39.5 billion by 2027, with a CAGR of 8.87% during 2022 and 2027.

Medical Bionic Implants Market Overview

The market for medical bionic implants is primarily driven by the ageing global population and the accelerating pace of technological innovation. The primary factor driving the market's expansion is the growing preference for bionics over prosthetics due to benefits including faster and better patient recovery. Additionally, it is anticipated that an increase in accidents, organ failures, and age-related conditions such cataracts, hearing loss, arthritis, and cardiovascular illnesses will fuel market expansion. The development of bionic devices like the bio-lung, wearable artificial kidneys, and artificial pancreas by the producers of medical bionic implants is anticipated to further expand the industry. The global market for medical bionic implants is expanding as a result of the rising burden of cardiovascular diseases (CVD). Other factors boosting market expansion include reimbursement regulations for the medical bionic implants industry as well as technological developments for creating better implants. Nonetheless, strict rules for bionic implant approval, significant costs associated with implant manufacturing, and frequent product recalls are projected to limit worldwide market growth. Medical device makers are looking at emerging economies mainly because of their large populations and continued demand for bionic replacements. In addition, a greater number of amputations coupled with improved capabilities of high-tech biomaterial based implants is contributing to the growth of the medical bionic implants market.

Industry News and Updates

Aug. 30, 2021: Zimmer Biomet and Canary Medical Announce FDA De Novo Classification Grant and Authorization to Market the World's First and Only Smart Knee Implant --

Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), a global medical technology leader, and Canary Medical, a medical data company, today announced U.S. Food and Drug Administration (FDA) De Novo classification grant and authorization to market the tibial extension for Persona IQ®, the world's first and only smart knee cleared by the FDA for total knee replacement surgery. Persona IQ combines Zimmer Biomet's proven and trusted knee implant, Persona® The Personalized Knee®, with Canary Medical's proprietary implantable canturioTMte tibial extension sensor technology that measures and determines range of motion, step count, walking speed and other gait metrics.

What are the major Applications, Types and Regions for Medical Bionic Implants Market?

Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• Artificial Heart


• Artificial Kidney


• Artificial Liver


• Artificial Pancreas


• Artificial Lungs


• Others

By Application, it is segmented into

• Hospitals


• Clinics


• Research Institutes


• Others

Medical Bionic Implants Market Regional Analysis

North America is the most developed market. This region's high patient awareness levels, strong government R&D initiatives, and demand for technologically sophisticated products are anticipated to positively impact the growth of the medical bionic implant market. The Asia Pacific market is expected to develop at the quickest rate during the forecast period, owing to less rigorous regulations, increased government and corporate investment in the healthcare sector, more knowledge of these implants, and the availability of competent labour forces at affordable prices. The two countries that are rapidly developing in this area are India and China, together with the region's rising patient awareness levels.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Medical Bionic Implants Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Medical Bionic Implants Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Medical Bionic Implants Market report scope?

Key Takeaways from this Medical Bionic Implants Market Report

• Evaluate Medical Bionic Implants market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Medical Bionic Implants market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the growth rate of Medical Bionic Implants Market?

The Medical Bionic Implants Market is growing at a CAGR of 8.87% over the next 5 years.

Who are the key players in Medical Bionic Implants Market?

Medtronic, Gambro AB, Boston Scientific, Zimmer Biomet, Asahi Kasei Medical, Roche, Berlin Heart, Baxter International, Thoratec, Abiomed, Jarvik Heart, CONMED Corporation, Wright Medical Group N.V., Stryker, Smith+Nephew, Integra LifeSciences, B. Braun Melsungen AG, Arthrex, Medical Device Business Services, Inc., Globus Medical, DJO, LLC, NuVasive, Inc., Orthopedic Implant Co., Aesculap Inc., Flexicare Medical Limited, BioTek Instruments, Inc., Narang Medical Limited, Auxein Medical, Uteshiya Medicare

What are the significant types of Medical Bionic Implants Market?

Artificial Heart, Artificial Kidney, Artificial Liver, Artificial Pancreas, Artificial Lungs, Others

What are the major end-use applications of Medical Bionic Implants Market?

Hospitals, Clinics, Research Institutes, Others

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